----------------------------------------------------------------------------------------------------------Lest there be any doubt.

No I believe prices will fall and am astounded that a so called Conservative led government could act in such a stupid way. As you can see from today, there are 2,000 HtB applicants and it has been on MSM none stop all day and they make up about 3.5% of a typical months mortgages.

BTL is a good potential way to bankruptcy and yes sometimes I make points to hopefully make people think.

I'm not sure how popular these ideas are going to be. I think most parents have now got the idea that at best house prices are flatlining and wouldn't want to take the risk. Either the BoM&D is sufficently well off to fund a bigger chunk of the purchase or they accept that the kids can't afford to buy.

I'm not sure how popular these ideas are going to be. I think most parents have now got the idea that at best house prices are flatlining and wouldn't want to take the risk. Either the BoM&D is sufficently well off to fund a bigger chunk of the purchase or they accept that the kids can't afford to buy.

In my case, I've accepted that the kids are better off not buying in the present market and so have they, even though they have good jobs and could all afford to.

.

----------------------------------------------------------------------------------------------------------Lest there be any doubt.

No I believe prices will fall and am astounded that a so called Conservative led government could act in such a stupid way. As you can see from today, there are 2,000 HtB applicants and it has been on MSM none stop all day and they make up about 3.5% of a typical months mortgages.

BTL is a good potential way to bankruptcy and yes sometimes I make points to hopefully make people think.

Miss a payment and we throw your elderly parents into the street and it will be all your fault!

Not sure if it will be that extreme, but there will be penalties.

I wonder what happens in this case: the parents bankrupt, their house is heavily mortgaged to another bank, market conditions put the property into negative equity or it becomes unsellable..like the cliff side houses or flooding, et al.

If I put down my money on the roulette wheel the 'best' I can hope for is the 48.6% chance of getting my money doubled on an outside bet. I think the banks are playing much worse odds and encouraging folk to gamble like this is a classic case of the inmates running the nuthouse.

Not sure if it will be that extreme, but there will be penalties.I wonder what happens in this case: the parents bankrupt, their house is heavily mortgaged to another bank, market conditions put the property into negative equity or it becomes unsellable..like the cliff side houses or flooding, et al.

If I put down my money on the roulette wheel the 'best' I can hope for is the 48.6% chance of getting my money doubled on an outside bet. I think the banks are playing much worse odds and encouraging folk to gamble like this is a classic case of the inmates running the nuthouse.

Why do you wonder? The evidence is clear - under Labour, Conservative and LibDem governments these people and their lenders are protected at the expense of savers and taxpayers. Can't see a reason why this will change any time soon (UKIP=pro-banker NIMBYs).

Why do you wonder? The evidence is clear - under Labour, Conservative and LibDem governments these people and their lenders are protected at the expense of savers and taxpayers. Can't see a reason why this will change any time soon (UKIP=pro-banker NIMBYs).

I wonder because what you potentially have is a secured loan or second mortgage out on what could be an already mortgaged house, if we are talking about equity.

Of course it makes no difference for a property owned outright.

Does the original lender have to agree to the terms of the new one, say for the case of two banks?

Why do you wonder? The evidence is clear - under Labour, Conservative and LibDem governments these people and their lenders are protected at the expense of savers and taxpayers. Can't see a reason why this will change any time soon (UKIP=pro-banker NIMBYs).

I wonder because what you potentially have is a secured loan or second mortgage out on what could be an already mortgaged house, if we are talking about equity.

Of course it makes no difference for a property owned outright.

Does the original lender have to agree to the terms of the new one, say for the case of two banks?